Hyderabad- What Things Make Nanakramguda Desirable Among TechiesSamar Javed05 December 2019
Nanakramguda Financial District also known as NRamguda F.D is an IT, real estate and architectural suburb in Serlingampally mandal, in Hyderabad, India. Nanakramguda, one of the hottest realty destinations a small budget industry thrives lined with affordable rent homes and smell of bright future have become a home to thousands of migrant’s professionals who troops into Hyderabad everyday with dreams of making it big in IIT Industry in their small eyes. The Nanakramguda region alone has over 50 pigeon holes. In fact, such is the demand that realty market says that they will have more such modest homes getting ready soon by the end of this year. Nanakramguda is a confluence of the hi-tech life led by non-locals and the reminiscences of erstwhile farmers and landlords. Older residents of Nanakramguda often sit at a dabha and discuss how the place has been transformed from agriculture land to high-rise buildings owned by bigwigs. The very spot on which the dabha stands was once farmland. An aggregation of several such lands is now known as the Financial District in Nanakramguda. While many of the original inhabitants have left and gone elsewhere, some have decided to stay on. Some are hoping that their children will find work in the high-rise buildings. Located on the western fringe of Hyderabad, Nanakramguda is about 22 km from the heart of the city. Madhapur is also located about 15 km from the heart of the city, towards the west. While Nanakramguda is located about 4 km from Gachibowli, Madhapur is located about 4 km from Hitech city. Nanakramguda and Madhapur are located about 10 km apart from each other.
The natives of Nanakramguda witnessed several residential launches in the recent months and has everything that a contemporary home seeker looks for in a locality. This has increased numbers of strugglers in this city searching for job and opportunity of making it big in IIT industry due to which the area has become quite famous in recent years and has become popular among techies. There are a few more reason behind this which we will discuss here:
Proximity to IT and Business Hubs in Nanakramguda
Nanakramguda is a perfect alternative for the popular IT suburb - Gachibowli. In fact, the two areas are within 10 minutes' drive from each other. Another major IT hub, Hitech City is also situated in proximity to Nanakramguda. Other important localities like Madhapur and Kondapur are also well-connected to this locality. Renowned IT firms viz. Wipro, Deloitte and Infosys are in the vicinity which increase employment prospects for the people here. The Financial District at Nanakramguda is home to prestigious multinational conglomerates. An emerging housing destination, Nanakramguda, is a hot favourite among IT professionals that has ensured a steady rental demand. Average rental price is Rs 35,295 per month.The average property prices seen in Gachibowli and Hitech city ranges from Rs.4,000-5,000 per sq. Ft, while those in Nanakramguda and Madhapur range from Rs.3,500-4,500 per sq. Ft., with a price appreciation between 2-5% since the previous quarter seen in all areas. The average rental values in these areas vary between Rs.15-16 per sq. Ft, with an appreciation between 5-7% compared to the previous quarter.
Best Residential Options in Nanakramguda
The investment market is driven by both resident users and investors including Indians and NRIs both. Nanakramguda offers a perfect luxurious lifestyle with a range of luxury housing properties covering posh apartments and lavish villas. There is limited availability of affordable properties. Average property price range is Rs 4,200 per sq. ft to Rs 8,000 per sq. ft. Projecting developers who operate here include Lansum Properties, Prestige Group and Pacifica Companies. It has been seen that in the last two years IT hubs like Gachibowli and Hitech city have matured into residential as well as commercial realty markets. As a result, people who are working in the IT hubs and would prefer to stay away from commercial spaces are choosing areas like Nanakramguda and Madhapur. These areas provide peaceful residential living conditions with commercial spaces in the vicinity. The average property prices seen in Gachibowli and Hi-tech city ranges from Rs.4,000-5,000 per sq. Ft, while those in Nanakramguda and Madhapur range from Rs.3,500-4,500 per sq. Ft., with a price appreciation between 2-5% since the previous quarter seen in all areas. The average rental values in these areas vary between Rs.15-16 per sq. Ft, with an appreciation between 5-7% compared to the previous quarter.
Infrastructure and Developing in Nanakramguda
Social infrastructure in Nanakramguda and Madhapur are adequately available. Some of the amenities available in Nanakramguda include the Institute of Insurance and Risk Management (IIRM), besides companies like Cognizant, Capgemini and CA Technologies. Amenities available in Madhapur include schools like the CGR International School, Newton Public School, Meridian School etc, colleges like Masterji College of Architecture, National Institute of Fashion technology etc, companies like 3 Eye Consulting Group, theatres like Hi-tech theatre etc. Located on the Outer Ring Road (ORR), Nanakramguda enjoys good road connectivity to other parts of the city thanks to public transportation. International Airport can be reached in 50 minutes from the location. Hi-tech City Railway Station and Hafiz pet Railway Station can also be easily accessed from here. Residents of the localities and new homebuyers are guaranteed a contemporary lifestyle with access to social amenities such as international hospitals, schools, colleges, shopping complexes, groceries, restaurants, retail stores, banks etc.
Apart from these features there are a few features as well which makes Nanakramguda famous among techies of India which are Good Connectivity, Price Appreciation Witnessed to name a few. Good Connectivity means that Both these areas provide excellent connectivity to other parts of the city. The two major roads that connect Nanakramguda and Madhapur with other parts of the city are the Outer Ring Road and the Hi-tech city road. Both these areas offer easy connectivity to the NH-9 as well as to the proposed metro station at Miyapur. Besides, the Rajiv Gandhi International airport as well as the Lingampally railway station are in the vicinity of these areas. While the airport and railway station are located at a distance of about 10-11 km from Madhapur, they are about 18-21 km from Nanakramguda.